Community Associations Institute sponsors Common Interest Radio featuring industry experts that cover different topics affecting association living. Effective July 12, 2008, Common Interest Radio has moved from WBIG-AM 1280 to WIND-AM 560 airing every Saturday morning from 7:00 to 8:00 a.m. Past shows and other information may be obtained by going to www.CAI-Illinois.org.
Below are excerpts from Common Interest Radio Shows that AAI has participated in as broadcasted on WBIG-AM 1280 and WIND-AM 560. These radio programs have been made available with the expressed consent of CAI-Illinois.
February 20, 2010 "Strategies & Best Practices For Managing The Small Association"
Consultant’s Perspective: Angela Falzone, Property Consultant, Association Advocates Inc. Management Co. Perspective: Al Kalman, Owner, Kalman Management
Legal Perspective/Co-Host: Chuck VanderVennet, Principal, Law Office of Charles T. VanderVennet, P.C. Hosted By: Bill DeMille, President, Chicagoland Management & Realty
Topics Include...
Segment 1:
What is considered a “small” association; May be cost prohibitive for small associations to find professional management; Management searches for larger associations; etc.
Segment 2:
Challenges and risks facing smaller associations; Boards think they can “make it up” as they go; Financial considerations; Lack of knowledge & guidance; The “Wine & Cheese Party” Meeting; Less formality can result in lawsuits & increased assessments; Smaller associations must meet criteria for proper governance; Decisions by “Mob Rule;” What the Director’s & Officer’s policy may/may not cover; etc.
Segment 3:
Self-management vs. Professional Management; Board burnout and lack of volunteers; Resources available to smaller associations; Project & Loan Management; “Circle The Wagons”; etc.
Segment 4:
All associations must be run like a business; Minimum legal requirements per the Illinois Condominium Property Act and Not-For-Profit Corporation Act; Avoiding challenges to Board decisions; Business Judgment Rule; etc.
Segment 5:
Final thoughts; Small associations will be held to same accountability as large associations; All associations’ governance are mandated by law; Education & guidance is important for protecting all owners; Self-governance doesn’t mean you do it your own way.
February 28, 2009 "Unethical & Inappropriate Board Actions"
Management Perspective: Angela Falzone, Property Consultant, Association Advocates Inc. Legal Perspective: William Knee, Keough & Moody, P.C.
Financial Perspective: Tim Haviland, Itasca Bank & Trust Co. Hosted By: Chuck VanderVennet, Principal, Law Office of Charles T. VanderVennet, P.C.
Topics Include...
Segment 1:
Board powers; Acting ethically; Fiduciary duty; Lack of knowledge = Non-compliance = Ethics and liability issues; etc.
Segment 2:
Financial mistakes & impropriety; Loans given are based on cash flow, character and leadership; Personal agendas; Disclosure of relationships in hiring practices; Fraud; Board members acting independently; Conflicts of interest; etc.
Segment 3:
Protecting the Association; Safeguards for managing money; Insurance vs. Personal Liability; Boards that make it up; Using education & training to help meet fiduciary duty; Professional advisors; etc
Segment 4:
Bad decisions = Bad reputation; Board control vs. Mob rule; Non-compliance w/ICPA; Retrain Boards to end bad habits; Don’t go along, to get along; Using Minutes to protect against personal liability; New Leadership; Business judgment; etc
Segment 5:
Final thoughts; Common interest vs. Self interest; Safeguards against unethical behavior; etc.
December 13 & 20, 2008 "Management Disappears: How To Protect The Association"
Management Perspective: Angela Falzone, Property Consultant, Association Advocates Inc. Legal Perspective: Chuck VanderVennet, Principal, Law Office of Charles T. VanderVennet, P.C. Hosted By: Bill DeMille, President, Chicagoland Management & Realty, Inc.
Topics Include...
Segment 1:
Reasons why Management “disappears” or cancels contract; Warning signs; “Good” Boards vs.“Bad” Boards; Delinquency issues-Board vs. Management responsibilities, Boards not paying
attention to what Management is doing; etc.
Segment 2:
Pre-emptive steps a Board can take to protect Association; Preventing service interruptions; Protect your money; Board must take control to self-manage in interim; Management as Agent-Board as Overseer; etc.
Segment 3:
Actual worst case story–Disappearance of self-managed Board president and money; Crisis management; Board ignored red flags; Good management doesn’t cost, it pays; Rental Management vs. Condo Management; etc.
Segment 4:
Importance of Board training and education–whether self or professionally managed; Management is not a replacement for an educated Board; Boards are operating multi-million dollar corporations and must know how to hold Management accountable; etc.
Segment 5:
Closing Thoughts; Proactive steps Boards can take; etc.
May 19, 2006 "How To Run An Efficient Board Meeting"
Consultant’s Perspective: Angela Falzone, Property Consultant, Association Advocates Inc. Management Perspective: Jamie Falconer, Manager, Foster Premier Management Hosted By: Jordan Shifrin, Partner and Attorney At Law, Kovitz Shifrin Nesbit
Topics Include: Board vs. Owner Roles, Manager’s Role, Motions and Tabled Issues, Annual Meeting Schedules, Avoid Board Member Burnout, Open Meetings vs. Closed Meetings, Open Forums, Agendas, etc
Legal Perspective:Jeffrey Youngerman, Attorney At Law, Flaherty, Jacobson & Youngerman Management Perspective: Angela Falzone, Property Consultant, Association Advocates Inc. Hosted By:Bill DeMille, President, Chicagoland Management & Realty, Inc.
Topics Include: Developer Legal Obligations, Turnover Procedures & Timeframes; What Buyer’s Should Look For; Deficiency Studies & Audits; How To Avoid Litigation, etc.
August 5, 2005 "Elections, Annual Meetings & Absentee Balloting" Management Perspective: Angela Falzone, Property Consultant, Association Advocates Inc. Legal Perspective: Jordan Shifrin, Partner and Attorney At Law, Kovitz Shifrin Nesbit Hosted By: Kara Gould-Cermak, President, Rowell, Inc.
Topics Include: Election Procedures; Meeting Notifications; How To Implement Absentee Balloting; Removal of Officers; etc.
